Financial Analyst

Precision For Medicine; Bengaluru; On-site; INR 600,000 - 900,000; Full time

Job summary

Precision Medicine Group in Bengaluru is seeking a Financial Analyst to support project teams financially through the lifecycle of clinical trials. The role covers invoicing, revenue recognition, variance analysis, and close processes, with collaboration across the finance function.

The ideal candidate will have a Bachelor's in Accounting/Finance, at least two years of GL and financial reporting experience, and fluent English.

Qualifications

• Bachelor's degree in Accounting/Finance or related field.
• Minimum two years general ledger and financial reporting experience including working knowledge of all areas of the accounting cycle, project budgets, EVA analysis, and contract review.
• Fluency in English and local language for non-English speaking countries where position is based.

Responsibilities

• Support the project teams in all financial areas associated with running a clinical trial.
• Assist in the preparation of the monthly invoicing worksheet for client invoicing and revenue recognition.
• Support in performing variance analysis comparing forecasted revenue to actual revenue to identify gaps and changes in scope.
• Assist in reviewing work orders and change orders against actual activities to identify out-of-scope work.
• Support monthly project review meetings and provide ad hoc financial analyses as needed.
• Collaborate with the Manager, Operational Finance and VP, Operational Finance on contract documents and financial reporting.
• Ensure timely monthly, quarterly and year-end close with the Company Accountant.

Skills

General ledger

Accounts payable

Accounts receivable

Excel

Financial reporting

Communication

Education

Bachelor's degree in Accounting/Finance

Tools

Earned Value Analysis (EVA)

Job description

Job Description:

Global trials for oncology, rare diseases and other complex diseases face unique challenges. Precision partners with our clients to meet them head-on through our extensive footprint across the globe. We succeed by pairing personalized clinical services with translational medicine excellence, making us the first fully integrated clinical research organization created expressly to help advance the promises of precision medicine.

Modern biomarker-informed therapeutic and diagnostic development programs involve a complex operational and data ecosystem. Multiple data streams flow from sites, central labs, and specialty labs.

At Precision, we understand that data isn't enough. Clients need information, or data with context, to make decisions that impact patient health.

Position Summary

The Financial Analyst supports the operational project teams financially throughout the life cycle of the project.

Essential functions of the job include but are not limited to:

• Support the project teams in all financial areas associated with running a clinical trial.
• Assist in the preparation of the monthly invoicing worksheet which is the source document for client invoicing and source of revenue recognition.
• Support in performing variance analysis comparing forecasted revenue to actual revenue in order to identify gaps, changes in scope, etc.
• Support in reviewing work orders and change order budgets in comparison with actual activities in order to help identify out of scope activities.
• Support the monthly project review meetings on an as needed basis.
• Assist in providing support to the Manager, Operational Finance and Vice President, Operational Finance in the preparation of contract documents (statements of work and change orders).
• Work with Company Accountant to provide support to the financial reporting and general ledger functions.
• Work with Company Accountant to provide support to ensure an accurate and timely monthly, quarterly and year-end close
• Work with Company Accountant to ensure the timely reporting of all monthly financial information.
• Collaborate with others in Finance to support overall department goals and objectives.
• Responds to inquiries from the CFO and Vice President, Operational Finance regarding financial results, special reporting requests and ad hoc analyses relating to projects.
• Assist in development and implementation of new procedures and features to enhance the workflow and internal controls.

Qualifications

Minimum Required

• Bachelors degree in Accounting/Finance or related field or equivalent experience in accounting discipline

Other Required

• Minimum two years general ledger and financial reporting experience including working knowledge of all areas of the accounting cycle, project budgets, financial project management support, Earned Value Analysis("EVA") analysis, and contract review or equivalent relevant experience and/or demonstrated competencies.
• Fluency in English and, in addition, for non-English speaking countries the local language of the country where position based.

Preferred

• CRO industry experience.
• Competencies:
• Working knowledge of the life cycle of a project with a solid foundation of how the financials and contract status impact each stage of the clinical trial
• Working knowledge of accounts payable, accounts receivable, general ledger, bank reconciliations,
• Strong Excel /PC skills and able to thrive in multi-tasking environment
• Strong accounting skills
• High energy and enthusiasm with a strong commitment to exceeding expectations
• Flexibility and willing to work on multiple assignments of varying tasks with personnel throughout the organization
• Ability to learn quickly. Good oral and written communication & interpersonal skills with the ability to connect and build relationships with management and others throughout the organization
• Exhibits self-motivation, and is able to work independently as well as in a team environment
• Team player with a desire to be an active, long term participant in the growth of the company.

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Precision Medicine Group is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, age, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other characteristics protected by law.

If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process or are limited in the ability or unable to access or use this online application process and need an alternative method for applying, you may contact Precision Medicine Group at [e-mail].